Adam: Reliance priced the Fynd acquisition at 20 percent over previous valuation
Farooq Adam · Journey of Reliance acquiring Fynd, with Founder, Farooq Adam | 100x Entrepreneur Podcast · Jun 28, 2021 · at 51:30
Fynd co-founder Farooq Adam confirms the reported $42M acquisition figure and explains the pricing mechanism Reliance used to buy out earlier investors.
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“That's correct. I think the numbers, I don't think there was any, nothing wrong in the numbers. The way they went about doing the deal was whatever is your previous round. We will give an 18 or 20% bump because anyway, that money is going to go to the investors and all they care about is their, you know, hurdle rate.”
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